Seeds Market

Seeds Market Size

Seeds Market to surpass USD 119.4 billion by 2032 from USD 67.16 billion in 2021 at a CAGR of 5.4% throughout the forecast period 2022-32

Seeds are developing plants that comprise a food reserve and a protective outer layer. The development of the seed is a key step in the reproductive process, in spermatophytes, which include gymnosperm and angiosperm plants, which are seed plants. After the embryo bag is properly fertilized by sperm from pollen, making a zygote, the mature ovule produces seeds. A seed's embryo develops from the zygote and expands within the mother plant until it reaches a particular size before growth is stopped. The integuments of the ovule give birth to the seed coat. Compared to more ape-like plants like mosses, ferns, and liverworts, seeds have played a significant role in the reproduction and success of vegetable gymnosperm and angiosperm plants.

Get More Information - Download Free Sample

Market Highlights

The Seeds Market is expected to project a notable CAGR of 5.4% in 2032.

Seeds Market to surpass USD 119.4 billion by 2032 from USD 67.16 billion in 2021 at a CAGR of 5.4% in the coming years, i.e., 2022-32. The Seeds Market is flourishing due to the rising demand for seeds from the food and beverage, biofuels industries, and animal feed. In nations like India and animal feed, the demand for seeds has been steadily rising. The rise of the seeds market is also fueled by the rising demand for food grains in the countries with the greatest populations.

Figure - Market Analysis of Seeds Market

Get More Information - Download Free Sample

Seeds Market: Segments

The Oilseeds & Pulses segment is expected to grow with a higher CAGR during 2022-32

Seeds Market is categorized on the basis of Crop Type into Cereals & Grain, Fruits & Vegetables, Oilseeds & Pulses, and Others. In 2021, the cereals & grain segment held a significant market share, due to rising customer desire for healthier food options and increased breakfast cereal consumption. Besides, the oilseeds & pulses segment is the fastest-growing among others, since it generates the sunflower, canola, and soybean seeds frequently used for vegetable oil.

The Insecticide Resistant segment is expected to grow with a higher CAGR during 2022-32

Seeds Market is categorized on the basis of Traits into Herbicide Tolerant, Insecticide Resistant, and Others. Herbicide Tolerant segment accounted for a sizeable share of the market in 2021 due to the increased resistance and natural capacity for survival and reproduction of the species. Herbicide-tolerant crops are regularly planted, including soybeans, cotton, and canola. The insecticide-resistant segment is projected to expand at the highest rate since pesticides are frequently employed to treat insects before they harm a crop.

Figure - Market Analysis of Global Seeds Market

Get More Information - Download Free Sample

Market Dynamics

Growth Drivers

Growing Use of Biotechnology for Better Crop Production

Biotechnology is employed to create more nutrient-dense and stress-resistant agricultural varieties to safeguard natural resources. The advantages of this technology led to higher demand and adoption of biotech crops in past years. Beyond the major crops like soybeans, corn, canola, and cotton biotech crops have also been developed for additional crops like sugar beets, alfalfa, squash, papaya, eggplant, apples, and potatoes. Moreover, bananas, rice, wheat, potatoes, pigeon peas, chickpeas, and mustard are among the biotech crops being researched by public sector institutions. These crops hold multiple major nutritional qualities that are beneficial to consumers and food producers in developing countries.

Increasing Population and Government Support for the Application of Biofuel

The rising demand for food production brought by the world's expanding population drives the global Seed Market. Moreover, due to the government-supported use of biofuel in many nations and its advantages for the environment, the demand for crops like soybeans and maize is rising, which in turn increases the need for their seeds. In addition, the demand for agricultural products from both the food and non-food sectors has been steadily expanding in a number of emerging markets due to economic growth and rising disposable incomes. This eventually affects the Seeds Market growth during the estimated period.

Restraint

Higher Commercialization of Fake Hybrid Seeds and Substitute Products

The key factors limiting the growth of the hybrid seed sector and the overall growth of the global Seeds Market are the commercialization of replacement products and fake hybrid seeds, and also the high cost of seeds due to extensive R&D expenditures on quality seed innovation.

Recent Developments

• Syngenta Canada introduced its brand-new Pelta seed pelleting technology for canola in May 2022. This technology aids in optimizing seed size and uniformity, enhancing singulation planter performance.
• Arunas RZ, a brand-new type of tropicalized lettuce, was launched in June 2022. This is anticipated to increase the company's market share.
• For farmers in the Canada and US, Corteva Agriscience, BASF, and MS Technologies made an agreement in July 2022 to produce next-generation Enlist E3 soybeans with the NRS trait.

Seeds Market: Key Players

• Bayer Crop Science AG

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

• Syngenta AG
• BASF
• Limagrain
• Corteva
• Land O'Lakes Inc.
• KWS SAAT SE
• Enza Zaden Global
• DLF Seeds A/S
• AgReliant Genetics LLC
• Maharashtra Hybrid Seeds Co.
• Rallis India Limited
• Sakata Seed Corporation
• Yuan Longping High-tech Agriculture Co. Ltd.
• Gansu Dunhuang Seeds Co. Ltd
• Other Prominent Players

Seeds Market: Regions

Seeds Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America Seeds Market held the highest share in 2021 due to the region's rising demand for agricultural products. The market is expanding due to active R&D, supportive government regulations, and reasonably priced seed.

Asia-Pacific Seeds Market is predicted to grow at the faster rate owing to rising urbanization and the growth of agriculture. Rising hybrid adoption and seed replacement rates in important crops like rice, maize, and vegetables are being seen in the region. Significant contributions have been made by India, China, and Southeast Asian nations.

Get More Information - Download Free Sample

Impact of Covid-19 on Seeds Market

During the first quarter of 2020, the COVID-19 epidemic had a significant impact on the certification, distribution, manufacturing, and price of seeds. Moreover, the agricultural and resilient food systems in the economically underdeveloped nations were greatly impacted by COVID pandemic. Lack of laborers for the production, transportation, and documentation processes, along with a decline in the availability of seeds and plants on the market, made it difficult to produce seeds for international trade.

Seeds Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Seeds Market report also contains analysis on:

Seeds Market Segments:

• By Type 
  • Genetically Modified Seeds
  • Conventional Seeds
• By Crop Type 
  • Cereals & Grain
  • Fruits & Vegetables
  • Oilseeds & Pulses
  • Others
• By Seed Treatment
  • Treated
  • Non-Treated
• By Traits
  • Herbicide Tolerant
  • Insecticide Resistant
  • Others 
• Seeds Market Dynamics
• Seeds Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Seeds Market Report Scope and Segmentation

Frequently Asked Questions (FAQ):